Refunding ETS-Proceeds to Spur the Diffusion of Renewable Energies : An Analysis Based on the Dynamic Oligopolistic Electricity Market Model Emelie
We use a quantitative electricity market model to analyze the welfare effects of refunding a share of the emission trading proceeds to support renewable energy technologies that are subject to experience effects. We compare effects of supporting renewable energies under both perfect and oligopolistic competition with competitive fringe firms and emission trading regimes that achieve 70 and 80 percent emission reductions by 2050. The results indicate the importance of market power for renewable energy support policy. Under imperfect competition welfare improvements is maximized by refunding ten percent of the emission trading proceeds, while under perfect competition the optimal refunding share is only five percent. However, under both behavioral assumptions we find significant welfare improvements due to experience effects which are induced by the support for renewable energy
Year of publication: |
2012
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Authors: | Traber, Thure |
Other Persons: | Kemfert, Claudia (contributor) |
Publisher: |
[2012]: [S.l.] : SSRN |
Subject: | Elektrizitätswirtschaft | Electric power industry | Erneuerbare Energie | Renewable energy | Oligopol | Oligopoly | Innovationsdiffusion | Innovation diffusion | Deutschland | Germany | Förderung erneuerbarer Energien | Renewable energy policy | Dynamische Wirtschaftstheorie | Economic dynamics | Lernprozess | Learning process | Einnahmen | Revenue | Wohlfahrtsanalyse | Welfare analysis |
Saved in:
freely available
Extent: | 1 Online-Ressource (22 p) |
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Series: | DIW Berlin Discussion Paper ; No. 951 |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 25, 2009 erstellt |
Other identifiers: | 10.2139/ssrn.1513168 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013116595